T2 Metals Announces Closing of $527,000 Flow Through Private Placement to Fund 2025 Drilling at Sherridon

Core Viewpoint - T2 Metals Corp has successfully closed a flow-through private placement financing, raising $527,000 to fund an expanded drilling program at the Sherridon project in 2025 [2][3]. Financing Details - The financing raised gross proceeds of$527,000 by issuing 1,550,000 flow-through units at a price of $0.34 per unit [2]. - Each flow-through unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant, with each whole warrant allowing the purchase of a non-flow-through common share at$0.50 for two years [2]. Project Development - The proceeds will enable an expanded drilling program at the Sherridon copper-gold-zinc project in Manitoba, following the recently completed 2024 program [3]. - T2 Metals is fully permitted for drilling at Sherridon until July 2027, targeting both historical mineral resources and untested regional targets [3][5]. Project Location and Access - Sherridon is located in the Flin Flon – Snow Lake Greenstone Belt of Manitoba, known for its significant mining and exploration history [4]. - The project has year-round road access and is situated 70 km from the mining center of Flin Flon, with access to an operational train line [4]. Insider Participation - Certain insiders participated in the offering, purchasing a total of 64,700 flow-through units, which was classified as a "related party transaction" but exempt from formal valuation and minority shareholder approval requirements [5]. Additional Financial Information - A finder's fee of $30,000 was paid on a portion of the financing, and all securities issued are subject to a four-month hold period and regulatory approvals [6].